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>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
. ramin mellegard joins us from the business desk. we saw many americans celebrating the re-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really concerned about tax and spending issues and that's going to be a major focus going forwd. government spending cults and tax hikes are set to go into effect at the end of the year. the so-called fiscal cliff. investors worry obama will be unable to resolve the crisis with the house of representatives still controlled by the republicans. the key index on the new york stock exchange fell sharply when markets reopened after the election. the dow jones industrial average at one point lost over 360 points. the index finished the day at 12,932, down 2.3% from the previous day's close. new york stocks dliped from the start as investor concerns shifted to how obama will address the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day
the battleground states that were so heavily fought over in the most expensive race in u.s. history. it was early this morning when the president appeared with his family, becoming the third consecutive two-term president we elected. not happening since the presidents jefferson, madison and monroe. president obama won both a decisive victory in both the electoral college. and here on the east, the nor'easter, a storm so fierce the governor of new jersey said it will move the state's recovery effort backward for a time. and here is a look at the skating rink we used as part of the coverage on election night. tonight, it is under a layer of swirling snow. back inside, we begin with what happened last night. the president's historic re-election to a second term. he is back on his way to the white house tonight, where kristen welker starts off the coverage. good evening. >> reporter: good evening, brian, after the grueling election, the president returns back to the white house. and with the economy limping back to health, the stakes could not be higher. the president headed back to washington where
'll break it all down. >>> wall street may have the blues u.s. debt is mounting and tax hikes could be around corner. but screw the inevitable. there are still plenty of ways to make money. we'll tell you exactly how to keep raking it in. >>> the "oracle of omaha" make as new gamble. where warren buffett sees the next cash cow and how you can follow in his footsteps. even when they say it's not it is still always about money. melissa: all right, first let's take a look at the day's market headlines. stocks tumble yet again following the worst session of the year yesterday despite better than eepected u.s. jobless claims and u.s. export data. rising concerns over the fiscal cliff shook investors yet again the dow closed down 121 points. >>> disney shares are sliding after-hours the company reported fiscal fourth quarter earnings a short time ago. disney coming in a little light on revenue while meeting profit expectations. >>> shares of whole foods took a nearly 6% hit. the company warned superstorm sandy is taking a bite out of sales and will hurt earnings. >>> to our top story. che
. gabby giffords is there as the man who shot her is sentenced. her husband, mark kelly, tells us what was going through their minds. >>> freezing over. the families in the storm zone, hud. ing in blanketsing a they're hit with another storm. >>> and band of brothers. our bob woodruff, standing up for heroes tonight. the healing power of rock and roll. ♪ >>> good evening once again from washington, d.c., where the election may be over, but the clock is sticking on an issue affecting every american family. and standing at the urgent crossroads, the president and the speaker of the house, republican john boehner. there is a freight train bearing down on this country, called the fiscal cliff. it made the stock market so nervous today, for the second day in a row, it dropped. and business leaders have begun to come forward to warn the government there will be serious economic consequences if there's no deal. at issue, the fiscal cliff, a doomsday law that hikes taxes and inleashes a wrecking ball of cuts on january 1st. so, i started by asking speaker boehner that if this time, he and th
and higher after hours. u.s. weekly jobless claims fell more than expected dropping to a seasonally adjusted 355,000, a drop of 8,000 claims as a possible sign of a healing job market although officials are warning figures may be distorted by superstorm sandy. the four week average applications rose by more than 3,000 of these numbers, change from week to week. liz: let's get a greater perspective. we have jerry levy on the pits of the cme, eugene profits and mark martyak, robert gray at the ready to break in with earnings as soon as they hit the table but let's start with jerrod at the cme. we blew through the 1400, 1440 level on the s&p like this. what do you think? tomorrow and the next couple weeks? >> of paper for we are standing on. a lot of folks watching the 1380 level. i'm watching the 2 and the day moving average of 1360. i jumped in front of the frame. i was selling to avalanche david talked about the vix coming in and markets deteriorated. the reason is people like me to dip their toes in, professional option traders selling downside money put them the right to buy -- dave: i wan
to come. nhk world's james tengan is our guide to the congress. he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of the congress are everywhere in beijing -- flowers, elegant decorations and banners. when i got into a taxi, i found another sign. ahead of the party congress, local authorities here in beijing have instructed all taxis to take the handles off so that people can't open the windows. chinese authorities are trying to prevent activists from throwing antigovernment leaflets out of the windows of moving taxis. police in beijing have put strict traffic checks in place for vehicles entering the capital. government authorities have mobilized an army of
very cool. that's all the "money" we have for you today. thank you for joining us. we hope you will come back tomorrow. zito was coming up next. gerri: hello. they may work for the government , but they are being treated like celebrities. that is right. fresh air raids over government workers who are getting special benefits during the storms. the nor'easter that followed this last night. adding insult to injury to the thousands of residents of new york's long island living. ahead of your state emergency minutes apart when the head of the diverted personnel to his personal use at a time when workers were in high demand , you just saw his picture, directing county workers to his house to jump up and remove a tree that had fallen across is dravite. he was an even living there at the time. fired after it came to light, but does not all. special health benefits for workers during the crisis. the federal office of personnel management line workers and retirees to get to a emergency rooms for caring a crisis. it's all covered by you, the taxpayer. additional supplies of medicine also
in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
morning, thanks for joining us i'm kristen sze. >>> i'm eric thomas. you are probably curious as to where the rain is now, so are we. >>> the good news it is holding off, not here for the morning commute, doppler showing the dry air right now over top of us let's head to the north, doppler out of eureka, showers moving along 101 from crescent city, heading towards -- ukiah over the next hour. the bulk of the system moving east the entire cold pocket of air moving south, rain this morning, after the commute in the north bay moving through the heart of the bay during lunch into the south bay during the afternoon. ahead of that, blustery today with temperatures barely making it up to 60° in the bay and inland only mid 50s at the coast. >>> bumper-to-bumper behind the bay bridge toll good morning happy thursday metering lights on traffic backing towards the macarthur maze carpool lanes and fastrak the way to go once you get past the tolls on the incline section, right lane a stall waiting. on the san francisco sigh of the bay bridge earlier accident harrison street off-ramp is now cleared mo
are, well, world renowned researchers also in the midst of all of us. i'm the principal investigator on this project and that means that i'm supposed to be in charge of making sure it happens. so, we're 70% done and you're seeing one of the major parts of it today. and i want to introduce susan so we can get the show on the road. so, thank you so much. (applause) >> well, i want to welcome you all here today for the launch of our state offices aids renovation project otherwise known as soar. and i'm susan buck binder. i'm speaking on behalf of the entire aids office. we are fortunate to be a world class research organization housed within the health department which is pretty much unique globally. we have three amazing sections that we work with. the first is the surveillance epidemiology section. they really started at the very beginning of the hiv epidemic in tracking what was then known as grid and other term and became aids and then also tracking new cases of hiv infection. and, so, there's really been leaders around the world in how to track trends in new infections and that is
.c. darcy spencer joins us live with the breaking developments. darcy? >> reporter: jim, i just got off the phone with the d.c. police and i can confirm that an arrest has been made in this case. we're awaiting additional details. but i can tell you the suspect's name is tieran mcelraft, arrested today, just 18 years old, on burglary one. that involved burglary where an assault was involved in that. the victim just 81 years old. police returned to the scene here on mckinley street around 45 minutes ago to collect additional evidence. this crime happened somewhere between 11:45 yesterday morning and 12:30 in the afternoon. the victim, she is blind and she is hard of hearing. the suspect apparently got into her home through a broken basement window. then there was some sort of encounter between that suspect and the victim inside her home. at that point they tell us that she was punched in her head and face. now, yesterday she was found by a mailman here. and he indicated she was barely kpgs. and she was confused. right at her own doorstep. >> the nature of the crime is a heinous crime, a
has won -- most of the confederacy. >> new york. >> very funny stuff. >> thanks so much for joining us. we'll be back tomorrow. erin burnett "outfront" starts erin burnett "outfront" starts right now. -- captions by vitac -- www.vitac.com >>> "outfront," the are are investors really panicking or is there something else causing the fear? and the gop licks its wounds and starts pointi ining fingers. here with us tonight, a possible 2016 candidate. and another nor'easter bearing down on the region still recovering from superstorm sandy. let's go "outfront." good evening. "outfront" tonight, markets tanked. the day after president obama wins a second term, the dow has its worst day in a year. the dow finished the day down nearly 313 points. for the first time in three months, it closed below 13,000 and when you look at the broader markets, all were down 2.5%, so is the election really to blame? "outfront" tonight, michael farr, author of restoring our american dream. good to see you. i know there were a lot of markets often go down on the day after an election and they're worry about the f
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
in the latest incident are real. as with the target. unmanned u.s. predator surveillance graft. the incident was real. though the timing is perhaps, perhaps suspect. one week ago. six days before the u.s. election. national security correspondent jennifer griffin is following this breaking story from the pentagon. >> reporter: at 4:50 a.m. november 1, days before the u.s. presidential election, two iranian su-25 frog foot fighter jets like these intercepted and fired twice upon an unmanned, unarmed u.s. m-2-1 predator drone over the persian gulf. it's the first time the iranians ever fired on a u.s. drone. the shots missed on both attempted. iran's fighter pilots briefly pursued the drone that landed safely at an undisclosed location. >> incident occurred over international waters. 16 nautical miles off the coastline. aircraft was never in iranian air space. it was always flying in international air space. the internationally recognized territorial limit is 12 nautical miles off the coast. we never entered the 12 nautical mile limit. >> asked whether the incident was an act of war, the penta
>>> that's what's making news in america this morning. >> stay with us for "good morning america." have a great thursday. and thanks for joining us, everybody. >> live and in hd this is "good morning, washington." >> more problems for storms until the northeast. 60,000 customers who lost power. some are in the dark again. it is november 8, thursday, i am cynne simpson. >> i am steve chenevey. let's get to jacqui jeras. >> we really got off easy on this system. if you take a look at the radar you can see the center and the core of this storm impact in new england. it is winding down for new jersey and us as well. we will see clearing skies today. a chilly start. not terrible. high pressure will be moving in today. these guys will be clearing out. it still will be breezy and " what is in the lower to middle 50's today. it is time for traffic. >> not too much roadwork. 270 lanes open through silver spring. taking a look off in the distance heading across the bay bridge. mid-60's's at the bay bridge. we have an interstate on -- an incident on interstate 95. a box truck is rolled ove
following president obama's reelection. thanks for joining us tonight. i'm shawn yancy. >> and i'm brian bolter. >>> we begin with the nor'easter that just brought rain to parts of our area, but up north it's getting nasty. >> that's right. we're talking about snow, strong winds in areas still recovering from hurricane sandy. let's get to sue palka in the weather center. >> let me show you what we are missing out on. the pictures behind us is d.c. united trying to get the field cleared in harrison, new jersey, where they were going to take on the new york red bulls and had to cancel that game. a lot of fans were up there. they had 2 inches of snow in that area, but it's very heavy and wet and it's still blowing and that is what we don't have to deal with tonight. let me take you to radar. we'll touch on the nor'easter in a moment. what we've had locally is sort of one of the westward bands of our nor'easter and what we have out there is mostly light, occasionally moderate rain. hey, from time to time maybe a little wet snowflake can mix in, but we're in our last few hours of seeing this
cents more" tonight. that's it for tonight. thank you for joining us. don't forget to record airshow if you cannot get his life. have a great night and will see you right back here tomorrow. ♪ lou: good evening, everybody. one of the dirtiest and most expensive campaigns of all time coming to a close last night to leaving washington looking much like it did before the first votes were cast. president obama defied the polls and predictions in an election that was expected to be one of the closest in history, even with florida tonight still up in the air. the president won more than 300 a tour of votes to secure another four years in the oval office. many republicans are left in shock at the results asking how with 23 million people unemployed almost 8 percent unemployment, record national debt in excess of $16 trillion, scandals and controversies from operation fast and furious, the benghazi cover-up, how could president obama possibly win reelection so impressively? a popular vote margin of more than 2 million votes, but an electoral vote margin of almost 100. an examinatio
>>> that is it for us. thank you for watching. we'll see you one hour from now. piers morgan tonight starts now. >> good evening. you are looking live at the white house. where president is no doubtly celebrating a big win. there is a big agenda, tall order. why shouldn't he be in this speech last night? >> we are not as divided as our politics suggest. we are not as cynical as the pundits believe. >> on the other side of the i'll, the gop handles the changing reality in washington. meanwhile, breaking news tonight, the nor'easter bearing down on new york and new jersey tonight. new york city's death toll has risen tonight. we are live in one of the hardest hit areas. jo joining me now, top strategist, david axelrod. >> it was a great night to be in that room with that crowd and the sense of joy frankly and spoke to the young volunteers and staff. and it was a very movingen count counter. when was the moment that you thought we've got this it is all going to plan. >> when the vote started getting counted we knew quickly we have a fairly sophisticated model. we knew when we we
. for the first time, the majority of the island's voters supported a non-binding referendum to become a full u.s. state. we will speak with the nation magazine's john nichols president of his new mandate for the next four years. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama return to the white house on wednesday hours after his convincing win over republican challenger mitt romney in the 2012 election. aides say obama has immediately turned to the so-called fiscal cliff of $700 billion in expiring tax cuts and automatic spending reductions set to take effect at the end of the year. under the terms of last year's debt deal, obama and senate democrats must agree on a deficit reduction package with house republicans or face automatic cuts that will likely contract the economy. on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balan
cuts, maybe. all of this the battle over the fiscal cliff. joining us is arch laugher, former advisor to president reagan and a valued guest on "varney and company". welcome back. >> thank you. lovely to be of value. stuart: i like the word value. >> it is a wonderful word. stuart: we have forgotten the true meaning of value but that is another story. i have been saying throughout the day that i think there may well be a fiscal cliff deal and that deal would be higher taxes now, immediately, promises of spending cuts down the road and according to richard trumka, don't care about the deficit. you go along with that? is that the kind of deal that might shape up? >> it makes sense. frankly republicans have lost heart. they shouldn't have but they have. that is the type of deal you will see happening and you will see a fiscal cliff. i don't like to call it is cliff. i like to call it tax armageddon. of the tax rate on the rich don't you will see a poor performance in 2013. you are going to see it anyway because people have already shifting, out of 2013 into 2012 and it is already baked i
doesn't overindulge and reminded people of the campaign promise he made. >> are you going to use the super majority to raise taxes? >> the only way to raise taxes is by the people. >> but the governor won't commit to a veto either. >> we're not into the threat game here. >> governor brown wants to use the powers to recalibrate business regulations and improve education, steinberg wants tax and initiative reform. nannette miranda, "abc 7 news". >> dan: now the prop 30 has passed san francisco state university will eastbound begin reimbursing students. most will see about $250 deposited in the accounts because they will roll back tuition fees. they may see the form of the money of a credit to be applied to next semester. >> proposition 35 passed overwhelmingly but it's being challenged in the courts. it goes after human traffickers with tougher penalties. it passed with 81% of the vote but it also requires registered sex offenders to reveal their online names. electronic frontier foundation say that is unconstitutional. >>> other propositions been rejected. proposition 34, repeal o
, senator-elect joe donnelly of indiana. anyway, that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans. welcome to "the ed show" from new york. with less than four hours to election day, this thing is going down to the wire. this is "the ed show." exceptional are the bonds that hold together the most diverse nation on earth. the belief that our destiny is shared. that this country only works when we accept certain obligations to one another and the to future generations, so that the freedom for which so many americans have fought for and died for comes with responsibilities as well as rights, and among those are love and charity and duty and patriotism. that's what makes america great. >> a little bit different than 2008, isn't it? you know, in a way, this victory was brought to you by the radical governors, who spent the last three years stumping all over the middle class in their states. there's something all of these governors have in common, i'm talking about john casey in ohio, chris christie in new jersey, ric
officially, publicly now. jon: thank you. jenna: thanks for joining us, everybody. jon: "america live" starts right now. megyn: fox news alert, breaking news on the obama cabinet. as we just heard from the attorney general on possibly resigning as it is out with the old, in with the new, apparently, in obama administration 2.0. welcome to "america live," everyone, i'm megyn kelly. just two days after americans gave president obama a second term, we are learning that big changes could be on the way at top-level cabinet positions. secretary of state hillary clinton already said she has plans to leave, and now reports say that treasury secretary timothy geithner may be out, and moments ago the attorney general, eric holder, telling a group of law school students that he does not know if he's going to stay on the job. >> that's something that i'm in the process now of trying to determine. um, the first step has already occurred, that the president has been reelected. um, and i have to think about can i contribute in a second term. i have to, obviously, talk to him, speak to members o
in in january 8th record of 20 women will be u.s. senators. talking about what may be on the agenda for the next four years. i guess the question is not do you believe him but can it work? >> i believe he wants to make a deal he is a deal maker from swayback if my body were here he would say well john gaynor was talking the same way earlier this year before the grand bargain fell apart and that would be true. he is right. that is still the same challenge they got a head and i think that obama has thebeen reelected we don't want the same four years of gridlock. what do you see in his future? >> i'm thinking about second term will be known by richard nixon and george w. bush they all had either scandals or real setbacks he came into office so right now he really has a challenge ahead to be more like an lbj or a clinton who can make things happen not just introduce bills but twist arms. some days he has not had it in him enough. we have said that a lot about him and it's true. in the very first debate everyone was saying he did so poorly next to romney because obama by nature is not a confrontati
communities already rearranged by hurricane sandy. >> it's overwhelming. >> very sad. it's very sad to see us getting pounded again. >> reporter: waves lashed out on beaches nearly washed away in last week's superstorm leading to new fierce of flooding. from sea bright to queens, people are seeking shelter again. >> a warm shelter is available for free at hillcrest high school. >> reporter: even as crews rushed to fix power lines, hundreds of thousands just getting their lights back on are back in the dark. >> it's a little insult to injury, but that's mother nature. >> reporter: for others who never had their power restored, this cold weather is miserable. >> cold. very cold. you sleep at night with blankets and socks and everything else on, and it's just horrible. >> reporter: the storm is forcing airlines to cancel more than 1,000 flights and leading to accidents on the road. >> it's slippery. very slippery. >> reporter: new setbacks all along the northeast. >> i hate setbacks. i don't tolerate them usually very well, but this one i can't control. the weather is what it is. >> reporter: mi
for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, and welcome to "the ed show" from new york. last night was a big victory for the american middle class, a victory for workers, a victory for progressives, and you know what, a real bad night for the billionaires. this is "the ed show." let's get to work. >> whether you pounded the pavement or picked up the phone. whether you held an obama sign or a romney sign, you made your voice heard. and you made a difference. >> there will be four more years for president obama, and no one can deny it. >> i think this is premature. >> tonight, the great victory for the american middle class, with e.j. dionne and richard wolffe. the secrets to victory with john nichols. the massive win for women, with terry o'neill. the diverse coalition that won it all with annette in florida and the great nina turner in ohio. and the boots on the ground have prevailed over citizens united, with leo gehrard of the steelworkers. >> we are greater than the sum of our individual ambitions, and we remain more than a collection o
people were very strategic in their use of their resources. and they had a lot. obama raised about a billion dollars. they were very strategic. obama's campaign can buy a television advertisement at the lowest rate possible, whereas the television stations, local television stations that are selling that want to make as much money as possible and they don't have to offer low rate to the super pacs. they can charge the super pac as much as the market will bear and in fact because of the saturation, and they in fact did say that many were paying 10 or 15 times more for 30 seconds in the obama campaign was. so i don't want to say that -- it would be satisfying to say money didn't have any effect, so despite the billions that report and the people trying to manipulate elections or even worse, another aspect of the citizens united campaign was an employer received both the sample ballot to his workers paychecks. so they would get an idea of how you wanted them to vote. there were a lot of employers who did that. but romney encouraged employers to do that. in terms of citizens united, fi
you can't understand, you can't push us around. >> today gabby giffords and >> t husband will be in tucson in a courtroom there where jared loughner is set for sentencing.oom when the >>> drove their motorcycle straight into a shopping center.otorcy >>> 9-year-old samantha gordon turn s turns on her jets. the boys can barely keep up with that her. look at her go. >> all that -- >> rex ryan the most overrated coach in the nfl. >> i finally beat belichick at something. something. >> l.a., excuse me. got my artists mixed up. >> and all that matters. >> still waiting for the results to come in from florida. >> please don't pick on florida.bs >> you're only allowed to rning. campaign within 100 feet of a polling station. i saw countless signs telling me to vote for some guy named a krchltc acqui. >>> welcome to "cbs this morning." as you wake up in the west we begin with what's happening in washington. captioning funded by cbs >>>p >>> one>>> one white captioning funded by cbs >>>p >>> one>>> one white house adviser said ifif republicans think the election
behind us and an uncertain future ahead the dow jones industrial average dropped down nearly 313 points for the for time in a year. i'm joined by richard socarides deputy director of the 1996 clinton-gore campaign and former lgbt wider to president clinton and president of equality matters. long with sam seder host of "ring of fire" and "the majority report." is this a new world or a bit of happy talk that will last a few hours, or will this campaign rearrange how political leaders feel that they must compromise. let's start with you richard and the republican party. the tea party was crushed yesterday. will john boehner react to that? will the tea party be pushed overboard and the g.o.p. come back to what it used to be? >> i think it's fairly clear if they want to stay in business as a political party, and if they want to be successful in getting their people elected they're going to have to change the way they do things, and they're going to have to moderate, soften some of their positions. they've got this huge problem with young people and a huge problem with hispanic, with women, w
>> pelley: tonight, can they fix washington now? the politicians who brought us gridlock are reelected. >> tonight you voted for action, not politics as usual. >> let's rise above the dysfunction and do the right thing together for our country. >> pelley: reports from nancy cordes, dean reynolds and anthony mason. a countdown begins to automatic tax increases and huge budget cuts. wyatt andrews on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs >> this is the cbs evening news with scott pelley. >> pelley: good evening. this is a spend one-hour edition. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing much changed. republicans will still control the house, democrats the senate, and barack
protection is. >> the police told us they just don't have the manpower. >>pam: we are live at a community meeting. with those residents are demanding answers. >> a second arrest has been announced. the destructive vandalism attack that resulted in a muni bus attacked torching that a san francisco muni bus after the giants won the world series. take a look this video, a bystander took this as you can see several people said the bus on fire and smashed out windows. the damage is close to $1 million. police announced a second arrest. police are still looking for other suspects. this is the 19 year-old nicholas hudson he was arrested late wednesday for vandalism, destroying a passenger transit vehicle and olson all are felonies. and and in connection with this the destruction of the san francisco transit bus during the celebration of broke out in the city following the baseball team's world series win. the daly city residents arrests, on the heels of gregory ganniss;s from the incident. this is another picture of a guinness according to police as he was caught committing the crimes. pictures
management, and our own rick santelli. gentlemen, nice to have you on the program. thanks for joining us. >> thank you. >> how do you navigate this, peter anderson? you have a market that keeps losing steam. you have uncertainty knowing we're not going to know tax rates. certainly until we get information on the fiscal cliff. we're waiting on that. once again, we find ourselves in a holding period. what do you do? >> well, you know, i think that quality is just totally masked right now by volatility. as we get closer to january, it's a beautiful thing. what we will start seeing is convergence of some of the facts in terms of what the solutions will -- the proposed solutions will be, maria. right now i think everybody's just in a holding period. but that -- it takes a lot of courage to do this, but we're telling our clients to stay fully invested at this point because we think this is just a short-term volatility. i know it's very, very difficult emotionally to navigate right during this week. i think come january we will get a clearer picture. >> well, we better, right? otherwise we go o
expulsion from the illinois house. wgn's nancy loo joins us live with more on the story. nancy? >> the newly reelected state senator would not say much about the federal indictment against him. derek smith plans to keep fighting. he says he looks forward to returning to the state house that impeached him just a few months ago. derek smith did not seem concerned about being the first house member to be impeached in over 100 years. he is apparently feeling vindicated after winning reelection. he has pleaded not guilty to federal bribery charges have been appalled by the way the democratic party has treated derek smith. either we believe in democracy or we do not. either you are innocent until proven guilty or you're not. henderson claims smith will be acquitted. he will not discuss the defense. despite the indictment and impeachment there's nothing to prevent smith from being sworn in to a new term. >>, with a host of city alderman here to honor the life of this fall and firefighter. he was highly regarded within his profession. a veteran firefighter. we want to show you a live picture. if
. it is not over yet, everyone. good morning. welcome to "early start," everyone. >> nice to have you with us. it is 5:00 a.m. in the east. up first, we're going to start with mother nature. she is showing absolutely no mercy. this morning the northeast is getting rocked again. it is a powerful nor'easter pounding a region already devastated by superstorm sandy. 600,000 people without power for nine days in new york and new jersey. some forced to evacuate or hunker down overnight in the face of 60 mile an hour winds, two to four foot storm surge and a half foot of snow. more than 1,000 flights were canceled in new york and philadelphia. the path train between new jersey and new york is back to limited service under the hudson river after being shut ahead of the storm. penn station in new york was closed for a while last night. but it is back open today. my goodness. we have team coverage of this untimely winter storm. suzanne candiotti is live in new jersey. first, we begin with rob marciano, he is in staten island, new york, where they are still reeling from last week's hurricane. rob? >> re
you with us tonight, folks. thanks for watching. today we're on the other side of history. last night we saw a statement election in america and it opens up a huge opportunity for democrats to move this country forward. this was the scene in chicago, the moment president obama supporters were told he secured enough electoral votes to be re-elected as the 44th president of the united states. president obama is not naive about his place in history. the victory was a repudiation of the right wing agenda. also an affirmation of the president's vision for the country. >> what makes america exceptional are the bonds that hold together the most diverse nation on earth. the belief that our destiny is shared. that this country only works when we accept certain obligations to one another and the to future generations, so that the freedom for which so many americans have fought for and died for comes with responsibilities as well as rights, and among those are love and charity and duty and patriotism. that's what makes america great. >> a little bit different than 2008, isn't it? you know, in a
to leave the senate you can still become a panelist with us. >> that's a deal. >> happy birthday to richard soc soc socari socarides in our last few minutes. carol costello good morning. >> god morning. and happy birthday. >>> winds, floods, now snow. >> finally got that final kind of forecast i got last night, i said i'm waiting for the locust s & p estulance next. >>> can president obama romance republicans? or are we destined for that fiscal cliff? >>> got a joint? pot is about to be legal in two states but don't light up just yet. newsroom starts now. >>> good morning. thank you so much for being with me. i'm carol cost ello. this hour, superstorm sandy has a cruel, cold kitchen following in its footsteps. this new storm is lashing the northeast with snow, rains and wind and hitting the very same areas struggling to recover from last week's devastation. up to eight inches of snow in some areas and power outages from delaware to maine. chewing into the coastline, leaving hundreds of thousands without electricity and heat. rob marciano is on new york's staten island, one of the hardest-hi
together but i want everyone to also understand you can't push us around. >> today gabrielle giffords and her husband will be in tucson in a courtroom when the man who shot her sentenced. >> they drove their motorcycle straight into a shopping center. >> a youngster turns on her dad. >> all that -- >> a news poll of the most over rated coach in the nfl. >> excuse me. >> and all that matters -- >> we're still waiting for the results to come in from florida. >> please don't pick on florida >> -- on cbs this morning. >> you're not allowed to campaign within 100 feet of a polling station. but i found countless signs telling me to vote for some guy called aki. >>> welcome to cbs "this morning." a powerful nor'easter is bringing new trouble for tens of thousands of superstorm sandy victims. so far the new storm has knocked out electricity to at least 60,000 homes and businesses in the new york city area. many of them had just got entheir power restored. >> the winter storm brought rain, strong winds and several inches of snow region. airlines cancelled nearly 1600 flights and highways and t
just about due north, so they're going to continue to get snow, wind, and rain in new england. for us locally, we've had a few scattered sprinkles, a little bit of flurry in the sleet activity in the last few hours, but that's ended a couple hours ago. but getting still a few sprinkles, maybe a little bit of wet snow. it's cold out of the mountains, below freezing there. but in maryland, virginia, the district, we're around 40 degrees and we'll stay that way for another few hours, just a small chance or a sprinkle or flurry. chilly and breezy by noontime. afternoon highs mid to upper 40s, to low 50s by mid afternoon. and a blustery wind. i'll be back in ten minutes with another update. first 4 traffic this thursday morning with danella. >> traveling 66 eastbound, had a crash but it quickly cleared and now it's out of the roadway altogether. this time, northbound at glebe, the accident there, still see police on the scene. travel lanes are open, and checking again, if you're traveling i-95 northbound just north of 32, had an accident involving an overturned box truck. now it looks to b
in the dark. >> mother nature is killing us right now. sorry for whatever we did. we'll make it up to you. >> this is it. i'm getting anxiety walking around seeing what i'm going to do. and other people too, this is crazy. i don't know what to do any more. i don't want to live in long beach. >> the morning commute in both states is said to be going smoothly. and no problems with the subway system in new york. this is the scene in massachusetts where there were car crashes on nearly every street in one town. as the bay state got four inches of snow. >> the election is over but president obama now has a number of pressing issues on his plate. the most immediate is confronting the so-called fiscal cliff. >> if the president in congress cannot fix it, experts say we will be headed for another recession. has to do with the bush era tax cuts. $440 billion worth. john boehner says he is open with putting politics aside and making a deal with the president. they have until january 1st from preventing the economy from going over that cliff. another issue for the president is appointing a new secre
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